SMB is an acronym that stands for Small and Medium Businesses, and SME stands for Small and Medium Enterprises. These acronyms are used to describe a category of companies by size that are served by particular government programs, debt providers, software developers, and others.
There is no magic distinction between “small” and “medium,” nor is there a well defined boundary when a company goes beyond “medium” to “large.” The US government, for example, defines “small” businesses as generally having fewer than 500 employees, yet others might think of companies with 100 to 500 employees as more “medium.”
We Love SMBs and SMEs
We are developing content for SMBs and SMEs, including those who might want to be “large” or even “extra large” someday. Our blog posts, videos and other material are also designed to be helpful to micro businesses – one owner and up to five employees, according to some definitions, up to 9 or 10 employees by other definitions. And maybe even nano-businesses will find it useful. Those are businesses with just one founder/employee, or up to 4 or 5 employees depending on whose definitions you use.
Bottom line: if somebody uses the SBM or SME acronym, they are talking about you!